By: Nghiinomenwa-vali Hangala
An analysis of rating actions and commentaries issued by international credit rating agencies (CRAs) on African countries has revealed that they have refused to invest in-country analysts through physical presence in Africa.
According to the African Peer Review Mechanism (APRM) 2025 Mid-Year Outlook report, the three dominant international Credit Rating agencies have consistently resisted calls to reform their Africa-facing operations.
The top 3 global credit rating agencies are Standard & Poor’s (S&P) Global Ratings, Moody’s Investors Service, and Fitch Ratings, with headquarters in New York.
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